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MGX's Record $2 Billion Investment in Binance

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by Giorgi Kostiuk

6 hours ago

Binance has secured the largest investment in crypto history, receiving $2 billion from MGX.

MGX's Investment in Binance

The Abu Dhabi-based AI investor MGX becomes Binance's first external investor, acquiring a minority stake for $2 billion in stablecoins.

This is Binance's first institutional investment.CZ, Binance

MGX's Focus on AI, Blockchain, and Finance

MGX, focused on artificial intelligence, blockchain, and finance, launched an AI fund with BlackRock and Microsoft last year, aiming to raise up to $30 billion. MGX CEO Ahmed Yahia emphasized blockchain's importance for digital finance's future.

Binance's Expanding UAE Presence

The investment enhances Binance's growth in the UAE, where the company has received a Dubai license and permission for asset custody in Abu Dhabi.

MGX's investment in Binance highlights the growing significance of blockchain and cryptocurrencies in global finance.

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